A baffling decision from his point of view. Clearly he knew nothing about football, but there was not much money to be made buying a premier league club who had been doing near enough as well as they're realistically going to do without significant investment. We were always going to be in danger of relegation. The time to have bought us would have been after relegation, not when he did for an extortionate price.
Hopefully we can get out of this situation without too much damage, its always going to be potentially concerns to get new owners but you get the distinct feeling with whats happening in China's with regards to foreign ownerships, Lai's disinterest, and the lack of any direction the situation could spiral out of control quickly.